As a starting point, members in this age group need wills to dispose of assets and to name guardians for minor children. Life insurance and disability insurance play important roles in protecting family members. Along with these, a trust funded with insurance can provide financial management for children in the event both parents were to pass away.

Other documents to consider as part of a complete estate plan:

Healthcare directives to make known wishes concerning life-sustaining treatment

Powers of attorney, allowing financial decisions to be made in the event of disability

Philanthropy can be important to people of all ages, although the particular method of giving will vary, depending on age, assets, family needs and charitable goals. People in this age group may want to consider: